C3.ai Stock Plummets 25% After Short-Seller Reports Potential Dishonest Accounting

By Jose Najarro – Apr 5, 2023 at 9:38AM

NYSE: AI

C3.ai

Market Cap

$3B

Today's Change

(3.02%) $0.67

Current Price

$22.83

Price as of April 26, 2024, 4:00 p.m. ET

Kerrisdale Capital has sent a letter to C3.ai's auditor, Deloitte, detailing serious accounting irregularities that raise red flags for investors.

C3.ai (AI 3.02%) stock was down over 25% on Tuesday after the company was accused of numerous dishonest accounting practices, like inflating gross profit margins by shifting expenses to different categories. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of April 4, 2023. The video was published on April 4, 2023.

Jose Najarro has no position in any of the stocks mentioned. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.